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Active Member

Facebook has just finished a deal to acquire mobile photo sharing app Instagram for approximately $1 billion in cash and stock. Instagram will remain an independently branded standalone app that’s separate from Facebook, but the services will increase their ties to each other. The transaction should go through this quarter pending some standard closing procedures

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Premium Member

Premium Member

When I read what they were paying (even if it is partially paid in Facebook stock), I was shocked. A photo-sharing app with 13 employees worth a cool billion dollars. Are we experiencing the Internet Bubble of the late 1990's all over again? I hope not, since my investment portfolio has just crept back up to its old levels after 13 years...

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